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The founder of the investment company SkyBridge Capital believes that the Bitcoin ecosystem will continue to develop, and by 2024 the number of users of the first cryptocurrency will grow to 1 billion.
Anthony Scaramucci expressed the opinion that Bitcoin is a technology ahead of its time. According to him, in the future, the first cryptocurrency will be traded at prices similar to Amazon shares at the beginning of its entry into the market. He drew attention to the long-term profitability of Amazon stock despite numerous periods of extreme price volatility.
“I survived the Nasdaq crash in 2000 and a lot of things were destroyed, but the quality was preserved. You will return to Amazon, for example, in eight periods of time when it has fallen at least 50% since its inception, but if you invested $10,000 in Amazon during its IPO, today it will be $22 million. quality and recognition that bitcoin is not currently a store of value, technically it is not a currency. But this is an early introduction of the technology. There will be a lot of volatility.”
Scaramucci is not trying to predict where this volatility could take Bitcoin in the short term. However, he continues to argue that the overall trend for bitcoin remains upward.
“I would not be able to predict what will happen in 2021, for example, the ban on mining in China, as well as the purchase of Elon Musk for $ 3 billion through his companies and personal investments. I won’t be able to predict what will happen this year, but I’m prepared to assume that on December 31 this year, more people will own bitcoins than before.
According to Scaramucci, there will be 500,000 or even 1 billion cryptocurrency wallets in use by 2024. The community will survive the current fall of bitcoin. According to the founder of SkyBridge Capital, it is pointless to expect an asymmetric 45-degree fall line in the Bitcoin market. Recall that in 2021, Scaramucci said that bitcoin would soon cost $500,000.
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